Binance Coin BNB

$16.93
Market Cap $ 2.390 Bn (#7)
24h Volume $ 304.538 MM
Chg. 24h: 11.28%
Algo. score 3.6/5  (#150)
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Binance Coin News

Binance Coin (BNB) Surges 13% To Reach New All-Time High

Binance Coin (BNB), the native currency of cryptocurrency exchange Binance surged 13% today, reaching an all-time high of $17. Its the highest point for the coin after it was launched in June 2018. Today's surge came due to a change in the token sale format on Binance Launchpad. Due to the overwhelming demand for previous sales, upcoming token sales will be managed as a lottery draw. All of these sales take place with BNB. It has been the best performing coin lately, increasing its value by 175% in the last 90 days. Binance Coin (BNB) is currently priced at $17.07, gaining 11.48% in the last 24 hours. (VS)

4 hours ago

Binance Coin Soars as Next Launchpad Sale Will Be Lottery Format

Participation in the next Binance Launchpad project will be conducted through a lottery format. The move comes following countless community complaints associated with technical issues during the past three token sales. Lottery tickets will be allocated based on the amount of BNB a user holds. Binance Launchpad Becomes a Lottery Bitcoinist reported earlier this week that Binance CEO,...

5 hours ago

Huobi Exchange's Currency Follows in the Footsteps of Binance Coin (BNB)

Binance Coin (BNB) has been performing well in the crypto market despite the bearish trend. Following in the footsteps of the leading crypto exchange's coin is Huobi Exchange's token dubbed 'Huobi Token' (HT), which has gained more than 100% in 2019. The Huobi Token will be tradeable on Huobi Prime, the exchange's new selling platform, which is set to go live on March 26. HT gained 40% over the past few days, and its trading volume also surged with investors trading more than $170 million HT. (KE)

11 hours ago

Another big winner just won 30 BNB (~$465) in a single pack ...

Another big winner just won 30 BNB (~$465) in a single pack of cards 🤯 The @ZBCardGame #Binance promotion is still… https://t.co/t8mcsIJlLk

a day ago

Binance CEO says BNB Holders may Receive Launchpad VIP Access

So far Binance’s Launchpad has been extremely successful and the token offering platform has quickly sold out entire ICOs in minutes. In spite of the success, many platform users have complained about long queues and technical glitches that have barred them from participating in the token offerings. Binance CEO Changpeng Zhao (CZ) hinted that a new launch model could grant BNB holders a special VIP status which would grant them priority access to token sales. CZ said it is an experimental approach that they are “still thinking about” and CZ said that if implemented the new model would provide “Justice for BNB Binance lovers”. The new model could require BNB holders to stake the token for a particular amount of time in exchange for VIP access and it could also add additional value to the token. (RS)

2 days ago

Daily Berminal Brief: Mt. Gox To Return The Remaining Bitcoins Soon, And Binance Announces New Trading Pairs For IOST

The State of The Market - March 22, 2019 BTC: $4,050.03 (-0.15%) ETH: $138.53 (-0.06%) XRP: $0.314 (-0.30%) As Bitcoin failed to move past $4,100 yesterday, there was a minor crash. However, the bounce-back was swift and Bitcoin once again successfully defended its support at $4,000. With lower volumes in the weekend, it could once again test its resistance at $4,100 and even go past it. Most of the market is in green today, posting single-digit gains. The total market cap added nearly $2.5 Billion in the last 24 hours. In other news, Sirin Labs has announced a partnership with Ethereum wallet provider MyEtherWallet (MEW). Sirin Labs will soon integrate MEW in their Finney blockchain smartphone. Additionally, MyEtherWallet users can purchase the device through its mobile and web interface. Also, IOTA Foundation announced that its partnership with FCA-regulated fintech startup Zeux will permit the use of IOTA for in-store payments with merchants who accept Apple Pay and Samsung Pay. Zeux will launch in the EU in April and users preferring to pay with IOTA will select it and pay using the Apple Pay and Samsung Pay terminal. The IOTA tokens will automatically be deducted from the consumer’s wallet and the merchant will receive fiat. 1) Mt. Gox is set to return the remaining bitcoins to its users soon. In 2014, Mt. Gox, the largest cryptocurrency exchange at the time suffered a major hack. The thieves managed to steal some 850,000 BTC. It has been nearly 5 years, and victims are yet to receive any compensation. Its former CEO Mark Karpeles was even recently sentenced to 2 years and 6 months in prison in Japan. However, not everything is lost. Mt. Gox trustee Nobuaki Kobayashi has published a report that he still has access to over 141,000 BTC and 142,000 BCH. The document also discussed rehabilitation. Over the next few days, users will be notified if their claims for funds are accepted or rejected based on their previous applications. The criteria for approval is also not clear yet as some legitimate users claim they were denied. 2) Binance, the world's largest cryptocurrency exchange has announced new trading pairs for IOST. IOST enjoyed a successful mainnet launch last month, which was supported by all major exchanges. Just yesterday, Binance announced a trading competition to celebrate the Mainnet launch. The exchange is giving away 10,000 BNB for the top IOST traders. To make trading easy, IOST will also be tradable against BNB and USDT from today. These pairs will also be accounted for the trading competition. IOST had released its first DApp-Endless Game on Mar. 20, with transactions volumes breaking above 700M IOST on its very first day. Plus, IOST/BTC trading volume also tops on the Binance ranking board, totalling 9478.23BTC in the past 24 hours. According to IOST’s announcement on its official blog, more diverse DApps are in the pipeline. 3) This week the Federal Assembly of Switzerland voted to put cryptocurrency on equal footing as traditional assets. 99 members of the National Council supported a motion to bring forward a proposal which would apply the existing legislation of administrative and judicial authorities to cryptocurrencies. Giovanni Merlini, a liberal public representative in the lower house of the Federal Assembly, voted against the measure and claimed that “a large part of the crypto is completely anonymous, which favored extortion and money laundering.” It is yet to be seen whether holding crypto-assets to the same regulatory obligations as traditional assets is a positive or negative for Switzerland’s crypto sector. In December Swiss finance minister Ueli Maurer suggested that Switzerland should adapt existing rules to fit the needs of the industry instead of drawing up a new regulatory framework. (VS)

2 days ago

Binance CEO Hints BNB Token ‘Hodlers’ May Get Launchpad VIP Access

Following Celer Network’s ‘successful’ token sale on Binance Launchpad, Binance CEO Changpeng Zhao has hinted that a new model where BNB holders will get first dibs on new token launches may be in the works. Celer Network Sale ‘Success’ Binance Launchpad concluded its third token sale for the year. The project, called Celer Network, sold out its planned supply of almost 600 million CELR...

2 days ago

3 Most Promising Cryptocurrencies To Watch Out For In 2019

There are over 2100 coins on the market, and as time goes on, there are still more projects to be developed. This brings a challenge of picking the right project or choosing coins with the most potential. It is a fact that the cryptocurrency market in 2018 was quite sick with lots of bearish trends, especially for the smaller projects. However, it will be unfair to be pessimistic about 2019 because there are still many promising and high potential cryptocurrencies and according to analysts the positivity will be seen in 2019. Let’s take a look at the three most promising of these cryptocurrencies. Cardano (ADA) Cardano is ranked 11 on the top 100 cryptocurrency list and currently priced at about $0.053 and a market cap of over $1.3 billion. It wouldn’t be so wrong to see ADA as a better substitute to ETH as it is a smart contract project founded by Ethereum co-founder Charles Hoskinson. Cardano has performed better than Ethereum in so many ways including scalability and many people even nickname it ‘the Ethereum of Japan’. Explicitly, reports have it that Cardano has about 95 percent of its coin with Japanese people. Cardano is an exciting coin. Dropping about 90 percent in 2018, the market indicators still suggest an upward surge in 2019 and a super-bullish price forecast for Cardano. According to the founder Hoskinson, the first quarter of 2019 has significant developments coming up for the cryptocurrency which also suggests a potential price growth. Looking at experts’ predictions, it shows that Cardano will see an extraordinary price increase in 2019 and probably without a downtrend. Cardano is a promising project, and most analysts expect Cardano to surpass $0.35 this year. Waves (WAVES) Waves had an impressive run in 2018 that brought it to the top 30 and even has a higher potential this year. The cryptocurrency is currently ranked the 25th on the top 100 cryptocurrency list with a market cap of over $280 Million and presently valued at $2.81 at press time. Many projects like Waves has suffered a lot of disbelieve and criticism as many usually thinks they will fail on their promises and eventually die off. However, Waves has genuinely found a way to overcome and surpass all expectations. Waves raised over 30,000 BTC in its ICO in 2016, which came up with an effective decentralized exchange from 2017. Waves do not only allow easy and quick transactions; it also has a lot of great features that put it ahead of others. Binance Coin (BNB) 2019 seems to be one of the best years for BNB as the token has seen an impressive price growth since the start of the year, The token made its way to the top 10 cryptocurrencies on the 6th of February and has surprisingly gone even further and now currently sits at the 7th spot, It currently has a market cap of over $2 Billion and priced at about $15.27. Binance Coin is unarguably the most promising among this list. Binance Coin is famous for being the native coin of one of the largest exchanges in the world, Binance. The company in 2019 is keenly focusing on major developments that will positively propel the platform to greater heights. Like the expected Decentralized Exchange, ‘Binance DEX’. Most of the Binance Coin price predictions are very bullish. Binance Coin is one of the most valuable coins in the cryptocurrency industry, and most analysts think the price of Binance Coin may go over $50 by the end of the year. The post 3 Most Promising Cryptocurrencies To Watch Out For In 2019 appeared first on ZyCrypto.

3 days ago

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

An Indian crypto exchange has launched a program that allows its users to earn interest on their cryptocurrencies held at the exchange. Initially, users can lend BTC, USDT, BNB, XRP, and ETH. The CEO of the exchange has shared details about this new offering with news.Bitcoin.com. Also read: Crypto Enthusiasts Unite in 4 Indian Cities to Voice Regulatory Suggestions Lending Cryptocurrencies Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB. The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. CEO Sumit Gupta told news.Bitcoin.com that BTC has the highest interest rate “because our traders mostly do margin trading in BTC markets (hence high demand for BTC lenders).” The exchange detailed that there are “three lending term lengths: 7 days, 15 days, and 30 days. The interest rate varies dynamically and goes up to a maximum of 2%, according to market dynamics — demand and supply.” Furthermore, its website states that “the cryptocurrencies lent through Dcxlend will be used to provide leverage to users on Dcxmargin,” another service the exchange offers. Gupta shared with news.Bitcoin.com that during the beta testing period with just BTC and USDT, “we had roughly 120 lenders which led to a circulation of 170 BTC on a daily basis.” Claiming that the program has recently garnered more attention from lenders, he remarked, “Hence we’re scaling it up and will keep on adding more coins.” The CEO explained that his exchange has an internal settlement and liquidation mechanism for margin trading which does not have “a dedicated funding wallet,” elaborating: Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin. Similar Programs Worldwide In the U.S., Blockfi recently introduced a savings account that enables customers to earn 6.2 percent annually on their BTC and ETH. Meanwhile, regulated bitcoin derivatives exchange and clearinghouse Ledgerx has a program called Ledgersavings which allows clients to earn an implied rate of around 16 percent annually. In Japan, regulated exchange GMO Coin launched a lending program for BTC, BCH, ETH, LTC, and XRP last year. However, at the time of this writing, the exchange is only borrowing BTC but customers can lend between 10 and 500 BTC over 181 days and earn up to an annual rate of 5 percent. Recently-licensed Japanese exchange Coincheck, which was hacked in January last year, also has a lending program for BTC with a maximum annual rate of 5 percent. Prior to the hack, this service supported 12 cryptocurrencies. Bitbank, another regulated Japanese exchange, also offers up to 5 percent interest annually for users lending between 1 and 25 BTC. Besides BTC, the exchange plans to extend the offer to BCH, ETH, LTC, XRP, and MONA. Would you lend your cryptocurrencies to an exchange? Let us know in the comments section below. Images courtesy of Shutterstock. Disclaimer: Bitcoin.com does not endorse or support claims made by any parties in this article. None of the information in this article is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Neither Bitcoin.com nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Need to calculate your bitcoin holdings? Check our tools section. The post Indian Exchange Launches Lending Program for 5 Cryptocurrencies appeared first on Bitcoin News.

3 days ago

Indian exchange Coindcx launches lending program; will support five cryptocurrencies

Indian cryptocurrency exchange, Coindcx, recently announced the launch of its crypto-lending program, Dcxlend. The program would allow users to earn interest on the cryptocurrencies held within the exchange. The announcement stated that the program’s beta testing phase was over, and five cryptocurrencies are supported by the program, including Bitcoin [BTC], USD Tether [USDT], Ethereum [ETH], XRP and Binance Coin [BNB]. Sumit Gupta, the CEO of Coindcx, shared his thoughts with Bitcoin.com, and said that only BTC and USDT were supported during the beta phase. He said that the exchange had over 120 lenders, which led to the daily circulation of 170 BTC, over the testing period. He also said that the exchange was still scaling up, and that the platform would add more crypto tokens soon. The CEO further explained that the exchange had an internal settlement and liquidation mechanism for margin trading. However, it did not have a funding wallet. He stated, “Funds are then lent to the users only when the margin trade is open, with no withdrawal access and hard liquidation with 7.5% maintenance margin.” After the announcement, the exchange’s website was updated to show monthly interest rates. The rates were, 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. Gupta added that BTC had the highest interest rates owing to the fact that most of the exchange’s traders did margin trading on BTC markets. The lending term lengths associated with the program were 7 days, 15 days and 30 days. The interest rates would be subject to change, according to the market dynamics of “demand and supply.” Moreover, the exchange announced that the cryptocurrencies lent via Dcxlend would also be used to provide leverage to users on Dcxmargin, another prominent service offered by the crypto exchange. The post Indian exchange Coindcx launches lending program; will support five cryptocurrencies appeared first on AMBCrypto.

3 days ago

Loom Network (LOOM) Plans to Integrate TRON and EOS Into PlasmaChain

Last week, Loom Network (LOOM), a blockchain ecosystem for games and social apps, announced support for the top-100 ERC-20 tokens by market cap, including Binance Coin (BNB), on PlasmaChain, a high-performance DPoS sidechain that acts as a bridge between multiple chains and Ethereum (ETH). On Wednesday, Loom Network kept the good news rolling with the revelation that

3 days ago

Stellar (XLM) Leaves Binance Coin (BNB) Behind on CMC, Raising Its Market Cap Within Hours

🔥🔥💹Within a few hours XLM managed to jump over the head of BNB and push it away from position #7 on Coinmarketcap🚀

3 days ago

Binance Lists IOST Against BNB And USDT

Binance, the world's largest cryptocurrency exchange has announced new trading pairs for IOST. IOST enjoyed a successful mainnet launch last month, which was supported by all major exchanges. Just yesterday, Binance announced a trading competition to celebrate the Mainnet launch. The exchange is giving away 10,000 BNB for the top IOST traders. To make trading easy, IOST will also be tradable against BNB and USDT starting 2019/03/22 4:00 AM (UTC). These pairs will also be accounted for the trading competition. IOST is priced at $0.009084, gaining 12.85% in the last 24 hours. (VS)

3 days ago

Indian Exchange Launches Lending Program for 5 Cryptocurrencies

Coindcx announced Thursday that its crypto lending program called Dcxlend has come out of the beta testing phase and is now fully launched. Five cryptocurrencies are supported: BTC, USDT, ETH, XRP, and BNB. The exchange’s website currently displays monthly interest rates of 2 percent for BTC, 1 percent for USDT, 1 percent for BNB, 0.75 percent for XRP, and 0.75 percent for ETH. The exchange detailed that there are “three lending term lengths: 7 days, 15 days, and 30 days. (RL)

3 days ago

Binance Supports First Live Property Auction Using BTC and BNB

Cryptocurrency exchange Binance is partnering with real estate auctioneer James Pratt Auctions (JPA) to launch a live property auction using bitcoin and Binance Coin (BNB). On April 8, buyers can bid on – and buy – a futuristic-looking, luxury, beach-front mansion nicknamed ‘The Jetsons” in Casuarina, New South Wales, using BTC or BNB. The auction follows a partnership between Binance, JPA and...

4 days ago

Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia

A Redditor reports that the world’s biggest crypto exchange may just plan to expand trading opportunities by offering margin trades in the future A while ago, a Redditor going by the name ‘enriquejr99’ who insists he is good at programming, published a post claiming he has spotted margin trading features on Binance API. Is Binance expanding its trading opportunities? The Redditor demonstrates a little of the code he found on the API documentation of Binance and analyzed it. However, he claims this code has not been enabled so far. Enriquejr99 says that for all Binance crypto pairs (over 480 of them) spot trading is enabled and margin trades are disabled. Still, he adds that the code he has found may be the sign that Binance is working on letting its customers conduct margin trades in the future. Despite other exchanges are doing their best to surpass Binance, the latter remains the most popular trading platform. Its community keeps increasing and Binance Coin, which is used on Binance Launchpad for token sales and by numerous partners too, is currently sitting on spot #7 on CoinMarketCap, being ahead of Tron (#10), Tether (#9) and XLM (#8). At press time, BNB is trading at $15.25. The Redditor believes that by offering margin trades Binance will attract even more customers and will significantly raise its profits. Its rival exchanges, such as OKEx and Bitfinex, are already benefiting from the market of margin trading which operates quite high volumes. The Binance CEO Changpeng Zhao seems ready to get a share of these profits for his exchange too. Setting fiat-to-crypto operations in Australia On Wednesday, Binance also announced that it has launched Binance Lite Australia platform. It allows ordinary people to buy Bitcoin in nearly 1,400 newsagents stores with Australian dollars. In the future, the exchange intends to add other fiat currencies to this service, apart from AUD, as well as offer a wider choice of crypto coins to buy. By this move, Binance hopes to accelerate mass crypto adoption in Australia. This is not the first time, the crypto exchange is offering locals to embrace crypto. In autumn 2018, it was reported that Binance had struck a partnership with an Australian startup TravelbyBit, investing $2.5 mln. TravelbyBit offers POS in airports around the world and in Australia itself, allowing people to convert BTC and ETH into fiat or pay for services directly with crypto. In the future, the company plans to add BNB to their terminals too. The post Binance Reportedly Has Plans to Integrate Margin Trading, Sells BTC for Fiat in Australia appeared first on Ethereum World News.

4 days ago

Stellar (XLM) Surpasses Binance Coin (BNB), Again

🚀💣Stellar (XLM) and Binance Coin (BNB) continue see-sawing on CoinMarketCap

4 days ago

Cryptocurrencies With a 100%+ Surge Potential in 2019

2018 was a bad year for the cryptocurrency market. The year started with negative signs for most altcoins. This came after the market enjoyed an all-time high in 2017 and many hoped the prospects would continue into 2018. Now with 2019, the bear market appears to be coming to an end and some cryptocurrencies are showing signs of recovering fully. For cryptocurrency investors, the following digital assets are showing signs of consolidating their position in the market this year. Bitcoin As the pioneer cryptocurrency, Bitcoin always sets the pace for the entire digital currency market. Various reports and experts have indicated that Bitcoin will reassert its dominance over the cryptocurrency market in 2019. Management consultancy firm A.T. Kearney is among major institutions that have predicted Bitcoin’s market dominance in 2019. According to a report by the firm, come December, Bitcoin will reclaim nearly two-thirds of the crypto-market capitalization. Bitcoin is set to be the go-to crypto considering that altcoins are considered a risk among crypto investors. Over the years, Bitcoin dominance has also been cut down due to regulations. However, in 2019, more people are expected to invest in the cryptocurrency considering that regulators are becoming friendlier to the asset. In 2018, the regulation challenges made it impossible for Bitcoin to thrive. However, regulation won’t happen on a global scale, but we already have signs of Bitcoin resurgence. The maiden digital asset was hard hit by the bear market in 2018, but its value has stabilized setting a foundation for a resurgence. Binance Coin Binance Coin is a token by leading cryptocurrency exchange Binance. BNB is an ERC 20 token under the Ethereum blockchain platform. Upon launching the asset in 2017, BNB benefited from Binance exchange massive trading volume. BNB offers a handy coin for the trading platform and its loyalty program. The massive trading volume of the exchange caused a lot of positive BNB price predictions which were proven right shortly after its launch. BNB will also close the year in a bullish mode. Numerous industry experts don’t consider the possibility of Binance Coin price dropping. If the coin manages to keep its market share, it will surely become the prominent gainer from the market growth. Compared to other assets, Binance Coin is a highly liquid asset, one of the most useful coins in the industry. Furthermore, if the recent developments at Binance exchange are to go by, then 2019 should be BNB’s year. Binance launched its Decentralized Exchange Testnet and the new blockchain called Binance Chain to power the platform. The BNB coin will be a major asset of the Binance DEX. After a testing period, the coin will be hosted by the newly developed network from Ethereum blockchain. Ripple The XRP crypto is a product of Ripple Labs. Its main goal is to source liquidity for cross border payments. The platform targets banks and payment service providers through RippleNet technology. In 2019, XRP is set to rise considering that more financial institutions are finding its product attractive. Already, we can see success under Ripple, and this is a major indicator that global financial institutions will come on board. To date, more than 100 financial institutions have partnered with Ripple and are in the process benefiting from the many blockchain solutions around. After XRP’s system update, the network can process up to 50,000 transactions per second. These figures make Ripple the fastest transaction processing platform in the world compared to platforms like Visa. With the corporate subscription to the platform, XRP’s value may surge upwards to new heights. Ethereum Ethereum is the pioneer of altcoins. Apart from being a secure means of payment, Ethereum is the future of the internet. Experts believe that investing in Ethereum now will bring about lucrative returns. Ethereum is among assets that experienced a turbulent 2018. However, towards the end of 2019, Ethereum should be among the most valued cryptocurrencies based on a number of factors. Applications are taking over the internet. Considering that Ethereum’s platform is for setting up applications, we should see its value appreciate soon. The more the platform is used, the more the value appreciates. Additionally, more companies are adopting decentralized cloud-based applications. This adoption contributes to enhancing trust in the Ethereum network. Lastly, we have the increased usage of smart contracts by various platforms means good tidings for Ethereum generally. More firms are looking for transparency, speed, accuracy, security, and efficiency. All these features are available in smart contracts, pioneered by Ethereum. Litecoin Litecoin is an older altcoin that was designed to be Bitcoin’s alternative. The developers intended to have a product that is cheaper and lighter. Notably, Litecoin is underrated as it is more accessible to people than Bitcoin. Despite being around s

4 days ago

Biggest Online Retailer In Switzerland with a Revenue of Almost $1 Billion, Now Accepting Payments in BTC, ETH, XRP, TRX, BCH, LTC, BNB

The largest online retailer in Switzerland Digitec announced it is going to start accepting digital assets for payment on its platform. The company stated that they will be receiving payment for all their 2.7 million products in cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, XRP, Binance Coin (BNB), Litecoin, Tron, OmiseGo, NEO and Bitcoin SV. These cryptos would be used as payment for its numerous products which ranges from beverages to gaming accessories at a minimum amount of 200 CHF. As one of the first online shops in Switzerland, Digitec Galaxus now accepts cryptocurrencies: customers of the two online shops digitec and Galaxus can now use Bitcoin Cash ABC, Bitcoin Cash SV, Ethereum, Ripple, Binance Coin, Litecoin, TRON, NEO or OmiseGO to pay for all purchases with a total of over CHF 200.- or more. According to the report, this initiative was developed in conjunction with a Swiss payment processor, Datatrans and a Danish payment processing startup Coinify. The system allows customers 15 minutes of processing as payment is made and converted to fiat at a fee of 1.5 percent to avoid a violation. The process of making payment with cryptocurrency on the eCommerce store is as simple as a customer choosing cryptocurrency as a payment option while checking out. The customer will be redirected to the Coinify website to select preferred payment crypto, he will receive a conversion rate with payment details in a text or RD code for 15 minutes. After completion of the transaction with the information received, Coinify will confirm payment within few minutes before Digital Galaxus processes customer’s order. According to a report, Digitec Galxus choose to adopt cryptocurrency in an effort to reach a greater customer base which is the younger generation. And also update their business level and improve public assessment. Oliver Herren, CIO, and co-founder of Digitec Galaxus Said, Cryptocurrencies are fascinating and likely to become a relevant means of payment in e-commerce - we want to support this development, The post Biggest Online Retailer In Switzerland with a Revenue of Almost $1 Billion, Now Accepting Payments in BTC, ETH, XRP, TRX, BCH, LTC, BNB appeared first on ZyCrypto.

4 days ago

Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin, ETH, Ripple, BCH, Litecoin, BNB and Even OMG

Whatever crypto you have, we’ll take, seems to be the message of Switzerland’s biggest online retailer with yearly revenue of circa $1 billion, Digitec Galaxus. They receive Swiss Francs at... The post Switzerland’s Biggest Online Retailer Starts Accepting Bitcoin, ETH, Ripple, BCH, Litecoin, BNB and Even OMG appeared first on Trustnodes.

4 days ago

Major Cryptocurrencies See Slight Gains, Palladium Hits $1,600 for The First Time

Tuesday, March 19 — cryptocurrency markets are mostly trading in the green zone, with Bitcoin (BTC) hovering above the $4,000 mark. Market visualization from Coin360 During the day, BTC has been trading in a narrow corridor between $4,031 and $4,082. At press time, the leading coin is trading at around $4,059, up around 0.62 percent on the day. Today, major cryptocurrency exchange Binance announced that its new service “Binance Lite” will enable the exchange’s Australian customers to purchase Bitcoin with fiat currency from supported newsagents. Bitcoin 7-day price chart. Source: CoinMarketCap The second largest crypto by market capitalization, Ethereum (ETH), is trading at $139.88, having gained 0.19 percent on the day at press time. Today, the altcoin dipped to its lowest price point of the week at $139.15, following an intraweek high of $144.43 on March 16. Ethereum 7-day price chart. Source: CoinMarketCap Ripple (XRP) is currently trading at $0.318, seeing slight growth in price during the day by 1.10 percent. The coin began the day at $0.314, while its highest price mark on the day was $0.319. Ripple 7-day price chart. Source: CoinMarketCap Stellar Lumens (XLM) — which was today added by major United States-based cryptocurrency exchange Coinbase — is trading at around $0.1138 at press time. The altcoin has dropped by 1.79 percent on the day. On the health scale recently introduced by CoinMarketCap, XLM is sitting at the 725 points at press time. Stellar Lumens 7-day price chart. Source: CoinMarketCap Binance Coin (BNB), the native token of major crypto exchange Binance, has lost around 0.70 percent over the past 24 hours, and is trading at $15.53 at press time. Earlier today, Binance Launchpad, Binance’s token launch platform, completed a $4 million sale of Celer Network tokens (CELR). The tokens sale was completed in 17 minutes and 35 seconds, with all 597,014,925 CELR tokens sold in a single session. The total market capitalization of all cryptocurrencies is currently around $140 billion, down by around $1 billion from its weekly high of $141.5 billion. 7-day total market capitalization chart. Source: CoinMarketCap Today CNBC reported that palladium climbed over $1,600 for the first time, however at press time the asset is trading at around $1,597. Platinum reportedly rose by almost 3 percent, and is trading at around $852.9 at press time. The Dow Jones Industrial Average reportedly closed lower for the first time in five days, exposed by declines in Apple, while investors are concerned about conflicting reports over the progress of United States-China trade negotiations.

4 days ago

Bitcoin Dominance Falls To Three-Month Low

BTC dominance, the share of the total market cap made up by Bitcoin, has fallen to a three month low. This could indicate that investors are moving into riskier assets, with renewed confidence in virtual assets and a bullish outlook for the market. Data from CoinMarketCap show that BTC dominance fell below the 51% mark early Friday morning. It gradually declined over the course of the weekend - hitting a low of 50.4% on Saturday afternoon. Dominance marginally increased at the start of the new week and currently stands at 50.8% Nonetheless, this is the first time in three months that dominance has fallen below the 51% mark. It is also the first time since August - seven months ago - that such a dip lasted for multiple days, rather than hours. Source: CoinMarketCap All digital assets are risky, but some are riskier than others. Bitcoin is one of the most reliable virtual assets, due to its stature as the default currency for other cryptocurrency trades. BTC dominance typically increases during a bearish market trend, when traders shift value back to the original virtual currency. In 2017, when crypto’s total value increased from $20bn to $600bn, BTC dominance fell from 87% to 38%. This didn’t mean large-scale divestment out of Bitcoin - coin prices surged to $20,000 - but rather that investors were moving into alternative virtual assets. Similarly, BTC dominance increased when the total market cap dropped from $800bn to $130bn last year. Uncertainty in the market and a proliferation of poor-quality projects meant investors moved out of higher-risk assets and into Bitcoin. With BTC dominance at its lowest levels this year, it looks like market sentiment is heading back the other way. In a Telegram message to Crypto Briefing, Mati Greenspan, eToro’s senior market analyst, suggested that “the BTC dominance index is a prime indication of the current market conditions.” This isn’t a negative signal for Bitcoin, and many investors are continuing to buy. BTC has managed to keep prices above the $4,000 mark for the first time this year, and the number of active Bitcoin addresses has increased by 44% since last April. Source: Blockchain.com Greenspan suggested that investors are moving back into alternative digital currencies but are also exercising greater care about which assets to invest in. “[T]his alt-season is visibly different then the one in 2017,” he wrote. “Alternative investors are savvier these days and are picking their projects much more carefully.” This author is invested in digital assets, including ETH and BNB which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Bitcoin Dominance Falls To Three-Month Low appeared first on Crypto Briefing.

4 days ago

CELR Sale Successful But Binance Admits Technical Difficulties

Binance Lanchpad has completed its fifth successful utility token sale, and its third this year. The sale for Celer Network (CELR) tokens raised more than $3.9M from 3,129 investors in the single session. Just under 600M CELR tokens were sold in a sale which completed in 17 minutes. Participants in the sale, which began at 14:00 GMT on Tuesday afternoon, bought CELR with the exchange’s native token, Binance Coin (BNB). Individual contributions were limited to $1,500 each. Celer Network wants to develop a fast, scalable payments solution, which uses smart contracts to offer zero-fee transactions. Built on Ethereum (ETH), the project has already hosted seed and private funding rounds in 2018. CELR tokens were being sold at 0.00043400 BNB - roughly $0.006 - each. 1 BNB could purchase 2,303.35821 CELR tokens. Although this was higher than the seed-level price, it was a 55% discount from the private sale, as Crypto Briefing previously reported. Like previous Launchpad sales, CELR was oversubscribed. Some investors on Twitter described difficulties in participating, with many sale requests held in a queue and, ultimately, unsuccessful. More than 39,000 would-be investors tried to buy CELR tokens, only one in ten of whom were actually successful. Binance CEO and founder Changpeng Zhao (‘CZ’) described it as “the highest buy demand sale we [sic] seen so far.” Although the Fetch.AI (FET) sale in mid-February went off without a hitch, the BitTorrent (BTT) sale also experienced technical difficulties. It took 15 minutes for Launchpad’s servers to process the orders. With today’s CELR sale, which took nearly 18 minutes, these technical difficulties appear to have resurfaced. Even though engineers have updated the software, CZ explained on Twitter that Binance still has “capacity/caching issues.” This author is invested in digital assets, including ETH and BNB which are mentioned in this article. Join the conversation on Telegram and Twitter! The post CELR Sale Successful But Binance Admits Technical Difficulties appeared first on Crypto Briefing.

4 days ago

Huobi To Open Token Launching Platform

Singapore’s Huobi has unveiled a premium coin offering service, which will allow regular traders to invest in promising coins before they are listed on the main exchange. Known as ‘Huobi Prime,’ the new feature will provide selected users with the opportunity to buy select coins at a discount before they are released onto the open market. According to Huobi, featured coins will be chosen based on the quality of the product and team, the financial backing, as well as whether it was listed on any other major exchanges. The new service will launch on March 26th. Each sale will offer coins for higher prices, according to the announcement. “Listing through Huobi Prime will involve three rounds of coin offerings, each lasting an hour,” Huobi explained, in the press release. “The price of the coin will be capped in each of the three rounds (though the cap will rise as time goes on).” Leon Li, founder and CEO of the Huobi Group, said in an announcement to the press, that “access to high potential digital assets at rates significantly below their market value” will benefit traders, help the ecosystem grow and provide endorsement to projects the exchange sees as “up-and-coming.” What’s the purpose of Huobi Prime? Somewhat similar to Binance Launchpad, Huobi Prime will sell featured coins in exchange for the exchange’s native asset, Huobi Token (HT). It will also favor coins which Huobi has previously supported. Users will be capped at investing $500 worth of Huobi Tokens - approximately 220 HT at current prices - per sale. In a press release, the exchange said its listing decisions will “heavily” favor projects which have received investment from Huobi Capital or the Global Ecosystem Fund. The first project to be featured will be TOP Network, which offers low-cost messaging service on the blockchain. But Huobi Prime might be closer to a loyalty rewards program than it is to a token sale platform. Users eligible to join Prime need to have had 500 HT tokens 30 days prior to the launch date - which is on Wednesday. The exchange says this is to ensure that normal investors, as well as whales, can participate in sales with as much as a 30% discount on the market price. “We want to ensure that those that do take part in Prime are legitimate users who are actively involved and invested in our ecosystem,” said Ross Zhang, Huobi’s head of marketing. Loyalty programs, which incentivize users use a trading service, are increasingly popular in crypto. Binance Coin (BNB) was arguably one of the first, offering holders discounts on transaction fees. Newer platforms offer something similar. The new Bitcoin (BTC) futures platform, CoinFLEX, announced last week that early users will receive daily payouts in FLEX coins, which can also be used to offset the cost of trading fees. Speaking to Crypto Briefing, a Huobi spokesperson commented that the new Prime service was designed to benefit the users, as well as the exchange itself. They highlighted that this “customer-centric mindset” encourages greater liquidity in the marketplace for high-potential digital assets. Prices may no longer be headed downhill. But crypto businesses, many of which greatly expanded their operations during the 2017 bull run, still struggle to keep their heads above water. Huobi Prime rewards user loyalty and provides incentives for high-quality projects to apply to their platform for a listing. This could make Huobi’s offering competitive with Bittrex or Binance. The key takeaway is that the old ‘build and they will come’ mindset appears to be on the way out. The author is invested in digital assets, including BTC, ETH and BNB which are mentioned in this article. Join the conversation on Telegram and Twitter! The post Huobi To Open Token Launching Platform appeared first on Crypto Briefing.

4 days ago

Binance Announces Australia Fiat Onramp

Binance, the world’s leading cryptocurrency exchange by volume, has just announced a new offering in the Land Down Under. As cryptocurrency adoption is expanding in Australia, specifically with the launch of over 30,000 crypto friendly ATM’s, Binance Lite Australia will now provide a new way for the continent’s citizens to quickly and conveniently access cryptocurrencies. The service aims to be the easiest way for Australians to buy bitcoins at Newsagents in over 1300 locations nationally. At launch, Binance Lite will only provide support for Bitcoin with cash (AUD), though it eventually plans to expand access to other cryptocurrencies and other fiat purchasing options. Increased alternatives for users to buy cryptocurrencies means increased liquidity for the markets in general, says Binance CTO Wei Zhou. Wei said: “We are excited to continue to roll out more fiat to crypto gateways around the world to support the growth of our industry. Australia has been at the forefront of blockchain innovation and we hope Binance Lite Australia can play a role to further this cause.” This new on-ramp is not Binance’s only new addition, and the exchange has made a sustained push to add new perks and options. Through partnership with Simplex, the exchange opened the gateway for its millions of users to use their credit cards to buy several cryptocurrencies seamlessly online. Prior to that, Binance made XRP its newest base pair, a significant move at a time in which the token either didn’t have base pair status on major exchanges, or simply hadn’t been listed at all. And with the development of Binance DEX, the platform’s upcoming secure decentralized exchange, and Binance.je a specialized fiat-to-crypto channel for Euros and British pounds, Binance appears determined to demonstrate commitment to its customers. Binance continues to cultivate solutions for its Australian market, with a $2.5 million USD investment in TravelbyBit, a blockchain-based travel startup enabling users to pay for travel related fees and services using BTC and Binance Coin (BNB). As the cryptocurrency space matures, Binance’s philosophy of strategic developments, centered on customer-first mass adoption, may prove that the exchange’s meteoric rise and subsequent success was no fluke. The author is invested in digital assets including BTC, and XRP which are both mentioned in this article. Join the conversation on Telegram and Twitter! The post Binance Announces Australia Fiat Onramp appeared first on Crypto Briefing.

4 days ago

Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well?

ICE (Intercontinental Exchange), the parent company of the NYSE (New York Stock Exchange) has initiated a research unit for 58 cryptocurrency projects and 19 FIAT currencies. ICE, in partnership with Blockstream, has established the ‘Cryptocurrency Data Feed’, which will provide with real-time and historical data of cryptocurrency prices from all over the world. Nevertheless, it has selected only 2.75% of the total number of cryptocurrency projects in the market. This is what this means for Crypto traders pic.twitter.com/eb2ejPB639 — ICE Data Services (@ICEDataServices) March 14, 2019 Cryptocurrency Projects Included in the Data Feed The entire list of cryptocurrencies added to the Data Feed can be obtained here. The Data Feed would provide a real-time thorough analysis of 58 cryptocurrencies on its official website. Moreover, widespread inclusion of only 58 cryptocurrencies from a total of 2106 projects would narrow down the targets of the investors. However, at the same time could hurt the altcoin markets and exchange volumes in the short term. Some of the notable cryptocurrencies from the list are: Stable Coins: The stable coins which will be added to the list are USD coin, TUSD, Tether, and Gemini Dollar. High Market Capitalization ‘tokens’: Despite the cryptocurrency markets being highly volatile a couple of projects have cemented their position and were rightfully included in the data. These included: Ether (ETH), Litecoin (LTC), Cardano (ADA), Monero (XMR), NEM, Ripple (XRP), Stellar (XLM), and NEO Potentially Valuable Projects: Some of the other cryptocurrencies with low market capitalization also features in the list. Currently, they can be analogous to penny stocks in traditional markets. These include Siacoin, Augur (REP), Ardor (ARDR), Basic Attention Token (BAT), Bitshares, Bytom, CyberMiles, Crypto.com (CRO), Digibyte (DGB), Dogecoin, Steem Dollars (SBD), Nebular, Mithril, Metaverse ETP, Zilliqa, and Ox. Huobi Included But No Binance (BNB) Coin: In exchange related token Huobi was included however Binance (BNB) coin was included. Bitcoin Cash (BCH), BSV, Bitcoin Gold and Ethereum Classic (ETC) the infamous hard forks from Bitcoin and Ethereum were also included in the list. Providing a Global Data Base For Cryptocurrencies Due to their decentralization, Cryptocurrency Exchanges have become ubiquitous in the world. However, there is no authorized metrics that would give out authentic real-time data. Hence, ‘price discovery’ becomes a significant challenge due to a multitude of avenues. The ICE data would provide insight on the project along with increasing the efficiencies for its traders. It would also facilitate pricing evaluation through proper surveillance and portfolio managers with statistics that will enable the crypto-assets to be traded between peers or customers directly. While dealing with currencies, volatility and protection against adverse market movements is of prime importance to import/export traders and investors. Hence, the ‘global coverage’ would enable hedge funds to manage their risks better. Expectations from the Bakkt Platform The Bakkt Platform will be one of the first institutionally backed cryptocurrency trading platforms. Hence, the number of cryptocurrencies expected to be included in the initial phases was limited. However, the data feed suggests that the Bakkt Platform might consist of more than just a few cryptocurrencies like Bitcoin, Ethereum and Litecoin. The post Intercontinental Exchange (ICE) Released a List of its Favorite Cryptocurrencies; Same ‘Tokens’ To Be Included in Bakkt As Well? appeared first on Coingape.

4 days ago

Switzerland’s Biggest E-Commerce Retailer Accepting Bitcoin Payment for 2.7 Million Products

As crypto awareness widens across the globe, major market players began accepting it as a means of payment. Switzerland’s largest online retailer, Digitec Galaxus has announced to accept the Bitcoin and other cryptocurrencies for about 2.7 million products. Crypto Payment on Rising Digitec Galaxus AG is reportedly a big believer in emerging technology - thereby kick-started with accepting other cryptocurrencies beside Bitcoin. Per the announcement, the platform is enabling its customers to use Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Bitcoin SV (BSV), Litecoin (LTC), Binance Coin (BNB), NEO (NEO), TRON (TRX), OmiseGo (OMG) when buying any product from its store. The announcement is a result of the new payment system recently developed by its software team called Team Specter. Consequently, all transactions will be made via Coinify, a Danish crypto payment processor - in conjunction with Datatrans AG, a Swiss e-payment specialist. It is, however, a pilot project by the team. “Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development,” says Oliver Herren, Digitec co-founder, and Chief Innovation Officer. “We wanted to do that for a long time, but the effort was too long for a long time.” Switzerland’s quick consent to crypto and tech emerging trends made it as the ‘new crypto hub’. According to the reports, the system of the payment will remain open only for 15 minute time which completes all the payment with 1.5 percent fee - resulting in the stable exchange rate within this 15 minute time window. Means that the checkout page of crypto payment will be redirected to Coinify website which helps you pay via cryptocurrency for the products purchased from Digitec Galaxus. With the budding interest in online shopping among web users, E-commerce or online shopping stores are increasing at a rapid pace. Acceptance of cryptocurrency payment among these platforms will eventually increase the awareness of decentralized payment across the globe and subsequently enable users to access a new way of payment beyond bank transfer. Addressing the reason behind company’s quick acceptance of crypto, Oliver Herren explains that; Because you have some and you want to use them. Or because you cannot turn them into real money because your bank does not accept it. Or maybe just because you can and like to try new things. As noted, the initiative is a pilot project and will be available only to the residents of Switzerland or the Swiss customers at the initial stage. Upon the successful implementation, Digitec Galaxus is aiming to extend crypto adoption across Germany as well. The post Switzerland’s Biggest E-Commerce Retailer Accepting Bitcoin Payment for 2.7 Million Products appeared first on Coingape.

4 days ago

How a Village in China Leads a Crypto-Cultured Lifestyle

Yuedong, a village located in China’s Wenzhou region, stands out from the other villages by its engrossment with cryptocurrencies and blockchain technology. This has made Yuedong a huge tourist attraction with a growing number of crypto enthusiasts making the trip to witness the unique attitude of the locals. Locally regarded as the “blockchain industrial village”, an estimated 60% of the locals have apt knowledge of the subject and have invested in digital assets. Additionally, about 10% of residents are making efforts to bolster technology by taking time off their busy schedules. With the surge in the number of Chinese traders seeking to tap into the crypto market, Yuedong residents are not far behind when it comes to their involvement in the digital market. The villagers have also built a crypto-themed park to capitalize on visiting tourists, whose numbers are swelling. Chinese social media shared images from blogging platform Weibo which showcased cryptocurrency-themed engravings on the guardrails of Yuedong. These etchings included BTC, ETH, BNB and ONT. This would have been challenging without the sheer determination and the generous donations by the crypto enthusiasts of the village. The village reportedly owes this attitude to Yang Linke, the co-founder of China’s first Bitcoin exchange, BTCchina. Resident Yang Linke posted crypto-themed images of the village to his Weibo account, saying: “Things that can be seen in Silicon Valley, but they appear in our remote mountain village. We Wenzhou people dare to be the first in the world.” Although trade in the digital market might have dipped in China after the ban, the support of the locals could potentially make the lawmakers come up with friendly regulations to attract investors and companies towards crypto. There is obstinate local support for cryptocurrency it keeps a check on the regulations and bans imposed by the government on the digital market. Thus, as mentioned in an earlier piece on Bitcoin News, China could potentially have an influence on Bitcoin’s success in 2019. These gestures prove that China’s contribution to the growth of the Blockchain technology is still thriving. Follow BitcoinNews.com on Twitter: @bitcoinnewscom Telegram Alerts from BitcoinNews.com: https://t.me/bconews Want to advertise or get published on BitcoinNews.com? - View our Media Kit PDF here. Image Courtesy: bitcoinnews.com The post How a Village in China Leads a Crypto-Cultured Lifestyle appeared first on BitcoinNews.com.

4 days ago

Bitcoin and Ether Market Update: March 20, 2019

The top ten cryptocurrencies are all in green for the 24-hour period with Binance Coin (BNB) and Stellar (XLM) being the two exceptions. The Cosmos project coin ATOM stormed onto the list for a short period of time, just a few days after the launch of its Cosmos Hub mainnet. The total market cap decreasedRead MoreRead More. The post by Georgi Hristov appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

4 days ago

Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies

The largest Swiss online retailer, Digitec Galaxus, has started accepting crypto payments at its two stores. Customers can choose from 10 cryptocurrencies to pay with including BTC, BCH, BNB, ETH, TRX, OMG, and XRP. One of the stores specializes in consumer electronics while the other focuses on everyday needs. Also read: SEC Chair Explains Key Upgrades Needed for Bitcoin ETF Approval Digitec Galaxus Accepts Crypto Payments Digitec Galaxus AG announced Tuesday that customers can now pay for their purchases with cryptocurrencies at its two online shops: Digitec and Galaxus. Ten cryptocurrencies are supported — BTC, BCH, BSV, BNB, ETH, LTC, NEO, OMG, TRX, and XRP. Checkout page on galaxus.ch. Claudio Schaad, leader of Team Spectre, one of the teams that make up the engineering department at Digitec Galaxus AG, discussed the new payment option in a blog post on his company’s website. “We’ve been looking into cryptocurrencies for a while now,” he revealed. The post explains that “instead of creating an own wallet or even cryptocurrency, digicon or the such, Spectre chose [to] work with a company called Coinify,” adding: In simpler terms: while shopping, if your purchase price exceeds 200 francs, you have the option to pay with cryptocurrencies. What arrives on digitec’s end are Swiss francs. Digitec specializes in IT, consumer electronics and telecommunications goods while Galaxus claims to be the largest online department store in Switzerland with a growing range of products for everyday needs. The two stores form Digitec Galaxus AG, its website describes. According to Oliver Herren, co-founder and CIO of Digitec Galaxus, the company currently has around 2.7 million items for sale, from shoehorns to wheat beer to gaming PCs. He was quoted as saying: Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce — we want to support this development. Paying With Cryptocurrencies A blog post on Galaxus’ website details that “The new payment option was created as part of a pilot project together with the Swiss e-payment specialist Datatrans AG,” which works with Danish crypto payment provider Coinify. Customers shopping on digitec or Galaxus can choose to pay with cryptocurrency at checkout. They will be redirected to a page on Coinify which displays the amount due in BTC with a QR code. Customers can choose among the 10 supported cryptocurrencies and complete the checkout process. Prices are locked in for 15 minutes. When choosing a cryptocurrency other than BTC, customers are asked to provide an address so that funds can be returned should an error occur. Furthermore, the company warns of a processing delay when paying with other coins. The blog post further notes that “Normally, the payment confirmation by Coinify takes place within a few minutes,” adding: Digitec Galaxus does not charge any fees for cryptocurrency payments. Coinify charges a conversion fee of 1.5% of the purchase amount. Other, but small, transaction fees will be charged depending on the currency, as well as how fast the transaction is to be confirmed. What do you think of Digitec Galaxus accepting 10 cryptocurrencies? Let us know in the comments section below. Images courtesy of Shutterstock, Coinify, and Digitec Galaxus AG. Need to calculate your bitcoin holdings? Check our tools section. The post Switzerland’s Largest Online Retailer Starts Accepting 10 Cryptocurrencies appeared first on Bitcoin News.

4 days ago

Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers

Many critics of Bitcoin often argue that its four occasionally five-figure price point is entirely unjustified based on the lack of BTC use in retail. However, over the years, plenty of companies have attempted to nurture the gradual adoption of cryptocurrency by offering to accept payment for goods and services in different digital assets. Two of the latest names on this ever-growing list are the multi-award-winning Swiss online retailer Digitec Galaxus AG and Phoenix-based electronic components supplier, Avnet. Those unimpressed by a possible lack of instant recognition of either company can take comfort in the fact that the pair’s combined annual revenue last year was over $18.39 billion. Greater Bitcoin Acceptance Means Greater Bitcoin Utility The latest two major companies to declare support for Bitcoin and other cryptocurrencies for products or services announced the addition of the revolutionary payment methods earlier today. Avnet proudly displayed a link to a short article detailing their decision to go crypto on the home page of its website. To facilitate the service, the US electronics supplier will be working with cryptocurrency payment service provider BitPay. For now, the cryptos accepted will be just Bitcoin (BTC) and Bitcoin Cash (BCH). Also today, Swiss retail giant Digitec Galaxus AG, owner of both the Digitec and Galaxus online marketplaces, announced that it too would be accepting cryptocurrency payments. Instead of using BitPay as a payment processor, the firm will be working with Coinify. Users of either the Digitec or Galaxus marketplaces can now shop using a fairly comprehensive list of cryptocurrencies, consisting of Bitcoin, both brands of Bitcoin Cash, Ether (ETH), XRP, Binance Coin (BNB), Litecoin (LTC), Tron (TRX), OmiseGo, and NEO (NEO). The expansion of payment methods across the two platforms was announced via Digitec’s Twitter account and accompanying media post: Mehr Informationen zu diesem Thema findest du in unserer Medienmitteilung: https://t.co/A2RhWEFCMn — digitec (@digitec_de) March 19, 2019 According to a report in FXStreet, Oliver Herren, the CIO and co-founder of Digitec, had the following to say about today’s Bitcoin acceptance announcement: “Cryptocurrencies are fascinating and could become a relevant means of payment in e-commerce. We would like to support this development.” Cryptocurrency Acceptance Continues to Grow Around the World As previously reported, cryptocurrency acceptance is surging around the world. Since 2013, the number of businesses accepting Bitcoin or other cryptos has grown by 702%. However, in the parts of the world for which Bitcoin and other cryptos hold the most promise, acceptance amongst retailers continues to remain low. By far the lion’s share of instances of companies accepting cryptocurrency are from the so-called “developed world”. However, those with access to a plethora of established and relatively trustworthy banking services are much less in need of the permissionless, non-governmental value-transfer-networks offered by Bitcoin and other cryptos than those living in places where banking resources are rare. Although large online retailers accepting digital currency is certainly positive for the space, previous examples, like that of OverStock.com, highlight that it takes more than big retailers accepting crypto to get folks to actually use it. Related Reading: Bitcoin Acceptance: The Changing Face of Mainstream Media Coverage Featured Image from Shutterstock. The post Big Day for Bitcoin Acceptance: Crypto Welcomed at Multi-Billion-Dollar Pair of Retailers appeared first on NewsBTC.

4 days ago

Following BitMEX’s Footsteps? Programmer Reveals Margin Trading Code In Binance’s Bitcoin Pairs

While cryptocurrencies have fallen dramatically over the course of yesteryear, volatility has plummeted. Per data gathered by BitVol, an analytics provider, the Bitcoin-to-USD 30-day volatility has fallen from 7.5% at BTC’s $20,000 peak to 2.6% today. It’s a similar sight for Litecoin, Ethereum, and an array of other liquid crypto markets. Thus, many traders looking to turn a quick buck have turned to margin trading, as they intend to emulate the risk-return potential they took on in late-2017. BitMEX’s Stellar Year This shift in trading habitudes, which has led many speculators to utilize 10x leverage on their trades, has allowed margin-enabled exchanges like BitMEX to bolster its clientele, rake in billions, and outperform their spot-only counterparts by many a magnitude over 2018. Tom Lee of Fundstrat estimated in a keynote that the exchange raked in $1.2 billion in fiscal 2018, making the crypto exchange more profitable than Hong Kong Exchanges & Clearing and Nasdaq, even while Bitcoin is just a decade-old creation. Lee isn’t fully speculating either. On multiple days throughout 2018, BitMEX posted upwards of 1,000,000 Bitcoin worth of nominal trading volume, securing dozens of millions in trading fees in the process. This stellar performance and record-setting volumes have been reflected in the growth of BitMEX’s insurance fund, which has swelled from 2,720 BTC at 2018’s start to 22,260 BTC today, and the establishment of a Hong Kong office in the city’s most lavish downtown tower. Related Reading: BitMEX Rents World’s Most Expensive Skyscraper, Rising Status of Crypto Exchanges Rumor has it that BitMEX’s hegemony over the margin space could be coming to an end though, as Binance has begun to look into stealing some of Arthur Hayes’ rapidly-growing cake. Binance API Suggests Bitcoin, Ethereum Margin Support When Binance launched in 2017, it promised its ICO investors a stellar platform that would support everything under the sun. Although the Malta-delivered startup has delivered on much of its original promises, the company’s whitepaper mentioned “margin trading” as a part of its “feature rollout.” Yet, Binance has kept its mouth shut on the subject matter for upwards of a year, in spite of margin being clearly listed as being on the exchange’s radar. But, this is changing. A self-proclaimed programmer recently took to Reddit to reveal that there’s a high likelihood that he found margin trading-related code in Binance’s public API. The user, going by the moniker “enriquejr99,” noted that Binance has “silently included” two booleans that are as follows: isSpotTradingAllowed and isMarginTradingAllowed. These two lines of code were first spotted in Binance’s Ethereum-Bitcoin pair. Enrique added that upon further analysis of Binance’s 482 trading pairs, he discovered that margin trading was mentioned, but is currently disabled. It isn’t clear when the booleans were added, but the exchange’s recent multi-hour downtime could be when Binance’s developers quietly added that in, as the company could very well be readying up to give its millions of users access to leverage. The details of this purported project are, of course, scant. But initial margin support for popular cryptocurrencies, such as Bitcoin and Ethereum, would make sense. Excelling Amid Crypto Winter All this only underscores Binance’s propensity to excel amid harrowing market conditions. The platform, headed by its fervent leader in Changpeng “CZ” Zhao, has arguably staved off the so-called “crypto winter” entirely through embarking on a number of ventures. On Tuesday, the company unveiled what is known as Binance Lite, a service allowing Aussies to purchase Bitcoin and brick and mortar stores. Lite purportedly gives locals an “easy way” to buy BTC at over 1,300 shops across Australia, making this Binance’s most recent take on cash-to-crypto on-ramps. In related news, CZ has hinted that his company intends to offer a fiat on-ramp in now-blockchain-friendly Argentina, which would follow similar platforms in Singapore, Lichenstein, Jersey, and Uganda. But this is just the tip of the iceberg. Over recent months, Binance has embarked on a journey to launch its own blockchain, which would house a decentralized exchange (DEX) to directly compliment Binance.com. For those who missed the memo, Chain will utilize a Delegated Proof of Stake (DPOS) consensus mechanism, while Binance’s BNB token will act as the network’s gas, just as ETH is for Ethereum. In a Twitter Q&A session, Binance’s CZ even commented that due to the barebones nature of Binance Chain — lack of a virtual machine means no smart contracts — the network should be able to generate one-second blocks, each of which pertains to “a couple thousand” transactions. Although some have bashed Binance for trying to compete with itself, Zhao made it clear that DEXs is the next step in the evolution in the cryptocurrency market. The company’s ability to put its best foot forward has allowed its

4 days ago

New Dether App Feature Allows Individuals to Buy and Sell ERC20 Tokens for Cash in 140 Countries

With a new feature from peer-to-peer cash-to-crypto app Dether, individuals can buy DAI, BNB, MKR, REP, and a variety of other ERC20 tokens with cash, or sell ERC20 tokens without holding any token liquidity in their Dether wallet. GIBRALTAR, Gibraltar—March 19, 2019- Dether, a decentralized OTC network of crypto buyers and sellers, has launched a new app feature that allows individuals to buy and sell ERC20 tokens for cash, without needing to hold liquidity of that token. The Dether protocol handles the swap using Kyber Network’s on-chain liquidity. Starting today, Dether users can experience this new feature, designed to create The post New Dether App Feature Allows Individuals to Buy and Sell ERC20 Tokens for Cash in 140 Countries appeared first on CCN

4 days ago

Breaking: Celer Broke The Binance Launchpad Record As 39K Users Applied For The Sale, But Community is Disappointed

Binance Launchpad, the token sale platform of the world’s largest cryptocurrency exchange, has completed yet another successful token sale - that of Celer Network. In an official release, the cryptocurrency exchange has announced the final results of the fundraising event for Celer Network. According to it, the entire sale was completed in a little over 17 minutes, raising the project’s hard cap of $4 million worth of CELR tokens. However, this is due to the new queue feature in the Launchpad. This marks the third successful token sale on the Binance Launchpad platform since the beginning of the year, and yet another one which managed to raise millions in a matter of minutes. The first one was that of Justin Sun-owned BitTorrent, which sold out in less than 15 minutes, while the second one was of Fetch.AI, which sold out even quicker. CELR tokens were sold at a price of 0.000434 BNB and it will be interesting to keep an eye on CELR’s price following its listing on Binance. In any case, the event highlights the power that Binance’s authority has and how its backing manages to restore users’ trust in fundraising events of the kind. However, the community is far from being happy. Community Uproars Despite the success of the project and potentially for all CELR investors, the broad majority of the community on Twitter flooded Binance’s official pages with disappointed and, quite frankly, angry comments. Once again, Binance failed to cope with the large demand, as users report technical issues right at the token sale’s start. Prior to the event, Binance instructed users to refresh the dedicated token sale page of Celer Network on Binance Launchpad right as the timer hits zero. still had capacity/caching issues with this “upgraded” version. Will keep working on it for a better experience in the future. STATS: 39003 people tried to buy, 3129 people got some. 35000 people will be somewhat unhappy. pic.twitter.com/opJnNOeuhA — CZ Binance (@cz_binance) March 19, 2019 Countless users on Twitter and other social media, however, complained that they got logged out of their accounts as soon as they did this, losing precious seconds on the clock. Many were also unable to log in on the first attempt, having to try several times. Others complained that their balances incorrectly showed insufficient funds just as they were to place their buy orders. People also noted that even though they managed to get in their orders placed in the first few seconds of the sale, their orders were still completely ignored. Changpeng Zhao, CEO at Binance, has since come up with somewhat of an explanation, outlining that the platform experienced “capacity/caching issues” even with the upgraded version. He also noted that a grand total of 39003 people had tried to purchase CELR tokens, while only 3129 managed to get some. While Binance Launchpad has so far proven its merit for launching fundraising events successfully, it’s definitely clear that there’s still a lot of work to be done in order to handle the massive demand of buyers. The post Breaking: Celer Broke The Binance Launchpad Record As 39K Users Applied For The Sale, But Community is Disappointed appeared first on CryptoPotato.

4 days ago

The 35K Left-out Binance Users Dumped Their BNB Coins: Binance Coin Price Analysis March.20

Binance has recently undergone another successful token sale, the third in 2019, as the Launchpad platform sold out Celer Network (CELR) tokens in just 17 minutes. How does this relate to BNB price? Many users had bought up some Binance Coin beforehand, in the hope to take part in the token sale, which is accessible only via BNB. However, during the token sale event, the platform had experienced overwhelming demand and was unable to accommodate everybody who wanted to take part in the sale. According to CZ, CEO of Binance, 39,003 Binance users attempted to take part in the sale with only 3,120 people being able to participate. This had left over 35,000 users holding their BNB they have bought before the sale. It seems that those users that were left out of the sale have started to dump their Binance Coin’s which were intended to buy Celer Network tokens. This is evidenced by the 4.22% price drop over the past 24 hours. Despite the recent price drop, Binance Coin is still up by around 60% monthly gains. Looking at the BNB/USD 4-Hour Chart: Since the breakout mentioned on our previous BNB/USD analysis, we can see that the market had continued to rise higher: The coin was able to continue up until meeting resistance at $15.82 where lies the long term 1.618 Fibonacci Extension level. Price action has stalled at this level of resistance and has started to fall. From above: The nearest resistance lies at $15.82. Above this, we can expect higher resistance at $16.27, $17.00 and $17.30. From below: The nearest support lies at $14.87. Below this, further support is located at $14.35, $13.86 and $13.00. The trading volume has been slowly declining throughout March. The RSI has recently broken below the 50 level which indicates that the bears have taken control of the market momentum. Looking at the BNB/BTC 4-Hour Chart: Following our previous BNB/BTC analysis we can see that the coin had continued to attempt to break above the resistance at 0.004 BTC, which is the all-time high. It was successful in doing so, before getting rejected. Price action has since fallen slightly and has started to decline. From above: The nearest level of resistance lies at 0.00386 BTC before reaching the tough all-time high at 0.004 BTC. If the buyers can push BNB/BTC above, the next resistance is then expected at 0.0042 BTC and 0.0044 BTC. From below: The nearest level of support below lies at 0.0036 BTC. Beneath this, we can expect further support at 0.0034 BTC and 0.003325 BTC where lies the short term .618 Fibonacci Retracement level. The RSI for BNB/BTC has also broken below the 50 level as the bears take control of the market. The trading volume has also been slowly declining throughout March. The post The 35K Left-out Binance Users Dumped Their BNB Coins: Binance Coin Price Analysis March.20 appeared first on CryptoPotato.

4 days ago

Ripple (XRP) Price Could Bleed Further Versus Bitcoin (BTC)

Ripple price failed to stay above the 0.0000808BTC support and extended declines against bitcoin. XRP to BTC is currently under pressure and it could slide further below 0.0000780BTC. Key Talking Points Ripple price failed to break the 0.0000820BTC resistance and declined further against bitcoin.Two bearish trend lines are in place with resistance at 0.0000780BTC and 0.0000792BTC on the 4-hours chart of XRP to BTC (Data feed via Binance).The price may decline heavily once there is a break below the 0.0000780BTC support level. Ripple Price Analysis After a decent upward move, bitcoin, litecoin, Ethereum, EOS, ripple and BNB starred a downside correction versus the USD. However, XRP to BTC remained in a bearish zone and struggled to clear the 0.0000812BTC and 0.0000820BTC resistance levels. Looking at the chart, the price spiked above the 0.0000820BTC resistance recently, but it failed to stay in the positive zone. It started a major decline and broke the 0.0000810BTC and 0.0000800BTC support levels to enter a bearish zone. The decline was strong as the price even broke the 0.0000792BTC swing low and settled well below the 100 simple moving average (4-hours). There was a close below 0.0000792BTC and the price traded to a new monthly low at 0.0000782BTC. At the moment, the price is trading just above the 0.0000782BTC low and it remains at a risk of more losses. On the upside, there are two bearish trend lines are in place with resistance at 0.0000780BTC and 0.0000792BTC on the 4-hours chart of XRP to BTC. The second trend line coincides with the 23.6% Fib retracement level of the recent slide from the 0.0000809BTC high to 0.0000782BTC low. If there is a break above both trend lines, the price could rebound towards the 0.0000800BTC resistance. An intermediate resistance is near 0.0000796BTC and the 50% Fib retracement level of the recent slide from the 0.0000809BTC high to 0.0000782BTC low. Clearly, ripple is trading in a strong downtrend below 0.0000800BTC and it could decline sharply below the 0.0000782BTC low before XRP buyers could take a stand near 0.0000765TC or 0.0000750BTC. The market data is provided by TradingView. The post Ripple (XRP) Price Could Bleed Further Versus Bitcoin (BTC) appeared first on Ethereum World News.

4 days ago

Binance Coin Price Analysis: Establishing a position as a top 10 cryptographic asset

The value of Binance coin has grown significantly in recent months, both because of new utility as an onramp to ICOs as part of the Binance Launchpad platform and because of new long term appeal built by a series of significant announcements and product releases. While some long term risks and a possibility of short term price corrections do remain, BNB looks set to maintain relevance as a crypto investment option.

4 days ago

Loom Network (LOOM) Adds PlasmaChain Support for the Top 100 ERC-20 Tokens

Earlier this week, Loom Network (LOOM), a blockchain ecosystem for games and social apps, announced the addition of Binance Coin (BNB) as a payment option for PlasmaChain dapps. As it turns out, BNB was just the start of an ERC-20 token deluge, as Loom Network revealed Thursday that it has added support for the top-100 ERC-20

4 days ago

Huobi Token (HT) Quietly Pumps Another 19%

Despite Binance Coin (BNB) grabbing most of the headlines, Huobi Token (HT), the exchange token associated with Huobi Global, is up an impressive 113% over the past month. On the day, Huobi Token is up another 19%, bring the token’s price to $2.37 with a market cap of $118.4 million. HT/USD (CoinCodex) Huobi Token has

4 days ago

Daily Berminal Brief: Switzerland's Largest Online Retailer Begins Accepting Crypto, And Binance Launches Bitcoin For Cash In Australia

The State of The Market - March 20, 2019 BTC: $4,048.13 (-0.19%) ETH: $139.25 (-0.65%) XRP: $0.316157 (-0.70%) The market remains unchanged, as the total market cap changed by less than $50 Million in the last 24 hours. While most major cryptocurrencies are flashing red, several altcoins have posted significant gains. This has also brought Bitcoin's dominance down from 51.4% to 50.8%. However, major cryptocurrencies have posted less than 1% losses. It is a mixed market today as cryptocurrencies beyond the top 10 are not following Bitcoin. In other news, a new malware is targeting Israeli crypto and forex trading firms. Unit 42 found that an older version of malware called Cardinal RAT allowed attackers to remotely usurp control of the system. Recent updates to the remote access trojan (RAT) allow Cardinal RAT to evade detection and hinder its analysis. Cardinal RAT collects victim data, self-updates, cleans cookies from browsers and logs keypresses. Also, the Venezuelan government is moving to collect fees from Bitcoin remittance payments. In early March the Maduro regime launched a state-owned cryptocurrency remittance service called Patria. The government-operated service levees a 15 percent fee on all cryptocurrency remittances and according to Caracas Chronicles, the move to tax crypto remittances shows just how desperate the cash strapped regime has become. 1) Digitec Galaxus, Switzerland's largest online retailer has started accepting cryptocurrencies. The company hosts around 2.7 million products, ranging from beer to gaming PCs. They will now accept Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases above CHF 200 (approx. $200). It was implemented as a joint pilot project with Swiss payment processor Datatrans and in collaboration with Danish crypto payments startup Coinify. It comes with 1.5% fees and a 15-minute window during which the exchange rate does not change. Launched in 2010, Digitec Galaxus is the most popular eCommerce site in Switzerland that reported net sales of $261 million in 2018. 2) Binance is looking to increase its market reach with the expansion of its “Binance Lite” service to allow Australian residents to purchase Bitcoin (BTC) at more than 1,3000 newsagents across the country. The service allows customers at the newsagents to buy the digital currency with their fiat currency, and it hopes to expand its offerings to other top cryptos along with other fiat options in the near future. KYC and AML procedures are required to use the service, after which users can place orders online and deposit cash at a newsagent in order to receive their BTC “within minutes.” 3) Binance announced to give away 10,000BNB to celebrate the IOST main net launch. The promotion event will last from 0:00 UTC, Mar. 21st through Mar.28. According to its announcement, all users will be ranked in terms of the total IOST trading volume traded on their Binance account (including both Buys and Sells) across all IOST trading pairs during the competition period. IOST Mainnet launched on Feb.25th, 2019. (VS)

4 days ago

Kucoin Shares (KCS) Keeps on the Positive Trend for Exchange Tokens - up 100% in the past Month

Some of the best performing tokens in the crypto space over the past month have been the cryptocurrency exchange tokens such as the Binance Coin (BNB) and Huobi Token (HT). A lesser discussed project has been performing at a similar level as these more popular exchanges is KuCoin and its KuCoin Shares (KCS) token. Since the beginning of March the KCS token has more than doubled in value, going from a value of $0.42 to its current price of $0.96. With the growing trend of IEOs, one has to wonder if KuCoin has some big plans coming up that have begun to contribute to price appreciation. (JF)

5 days ago

Major Australian Real Estate Giant to Hold Live Luxury Home Auction in Bitcoin

LJ Hooker, one of Australia’s largest real estate groups, intends to host a live luxury real estate auction for a property that can be paid for with cryptocurrency. LJ Hooker is working with James Pratt Auctions and blockchain startup Nuyen to facilitate the online auction. The auctioneer will call bids in cryptocurrency and the price will be converted and displayed in AUD and USD. Payments can be made in Bitcoin and Binance Coin and Greg Costello, the owner of the luxury property and the president of Nuyen said the auction has already attracted interest from potential buyers in the U.S., Canada, China, and Australia. Costello is an​ ardent supporter of cryptocurrency and he said he plans to keep as much of the BTC and BNB as he can. (RS)

5 days ago

Celer 'ICO' Launch Breaks Binance's Launchpad as 39K Users Apply to Participate

Today Binance Launchpad opened token sales for Celer Network and the entire sale was completed in roughly 17 minutes. The launch raised $4 million worth of CELR tokens for 0.000434 BNB and participants and crypto-enthusiasts on the sidelines will now keep a sharp eye on CELR’s price action. In spite of a relatively successful ICO, many Binance users are crying foul over a new queue feature in the Launchpad and Binance’s official Twitter page is filled with critical and angry comments. It appears that Binance failed to anticipate the level of demand from investors and many users reported technical issues right from the start of the token sale. Users were instructed to refresh the dedicated token sale page for Celer Network on Binance Launchpad right as a timer hit zero and many users complained of being locked out of their accounts or having issues with ‘insufficient funds’ messages. Changpeng Zhao later explained that there were “capacity and caching issues” and he acknowledged that 39,003 people had tried to purchase CELR tokens while only 3,120 were able to successfully make purchases. (RS)

5 days ago

Daily Berminal Brief: Coinbase.com Lists Stellar, And 6 Banks To Issue Stablecoins On IBM's Blockchain Network

The State of The Market - March 19, 2019 BTC: $4,054.66 (+0.75%) ETH: $140.09 (+0.64%) XRP: $0.317595 (+0.32%) The market posted small gains today, with Bitcoin once again moving past $4,050. However, the total market cap added just $1.3 Billion in the last 24 hours. Most major cryptocurrencies are in green, gaining less than 1%. Meanwhile, Stellar (XLM) is up by 5% after announcing the IBM partnership. It overtook Binance Coin (BNB) to become the seventh largest cryptocurrency with a market cap of $2.21 Billion. In other news, IOST recently published a guide to creating smart contracts on the IOST platform that was written by a community member and submitted to the IOST Tech Article Contest. The user created guide covers how to build a smart contract and publish it via the command line on IOST, and is intended for developers who code in JavaScript. The guide utilizes iwallet, which is the command line tool for the IOST blockchain and can be used to connect to the IOST blockchain and transfer coins, create accounts, query balances or call contracts. Also, New Zealand-based crypto exchange Cryptopia posted an update informing users that it plans to resume trading by the end of March. Cryptopia co-founder Rob (Hex) Dawson said the company is committed to reopening the exchange and Hex discussed the ongoing rebate process and general recommendations for users on how to interact with their accounts. The platform reopened in read-only mode on March 5 and the exchange showed balances as they were on January 14, 2019, when the first $16 million hack occurred. 1) Yesterday, Coinbase announced that Stellar Lumens would be available on Coinbase.com and the Android and iOS App. Stellar Lumens (XLM) gained 5 percent off the listing news, and the gains also appear driven by IBM's announcement that it had partnered with six banks to issue fiat backed stablecoins on the Stellar network. Last week XLM was listed on Coinbase Pro and today's listing on Coinbase.com will make XLM available to more than 20 million customers in more than 42 countries. 2) At the Money 2020 Asia conference in Singapore, IBM and Stellar announced that six international banks signed letters of intent to issue their own stablecoins backed by national fiat on IBM's live blockchain-powered payment network called "Blockchain World Wire". Blockchain World Wire (BWW) was launched in partnership with Stellar (XLM) in September 2018 and the platform currently hosts more than 44 banks and aims to use cryptocurrency to support real-time international settlements between banks. Brazil's Banco Bradesco, South Korea's Bank Busan, and the Philippines' Rizal Commercial Banking Corporation are among the six banks that signed letters of intent. IBM also announced that it had partnered with Stronghold, a Stellar-based, USD-backed asset, and the partnership will see the formation of Stellar's first stablecoin. IBM head of blockchain solutions, Jesse Lund, said: "We let the market drive the expansion and selection of the network incrementally [and] we are feeling excited that we are on a roll to build something that's really going to change the landscape of cross-border payments." 3) Citygroup cancels its stablecoin plans. Citigroup's innovation lab in Dublin has been working on a stablecoin called "Citycoin" since 2015. It was the first big institution to test a token for global payments. It was never formally announced by the bank. After months of experimentation, City has now concluded that the technology has the potential to live up to its promises. However, they will not be pursuing it right now as there are other more effective and efficient ways of making improvements in payments. The bank is looking for effective payment solutions with a short-term impact. Citi's current blockchain strategy is to simplify legacy systems using the technology. In 2017, Citi partnered with Nasdaq to launch CitiConect to streamline payments around private securities. (VS)

5 days ago

Switzerland's Largest Ecommerce Store Begins Accepting Cryptocurrencies

Digitec Galaxus, Switzerland's largest online retailer has started accepting cryptocurrencies. The company hosts around 2.7 million products, ranging from beer to gaming PCs. They will now accept Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), Litecoin (LTC), Tron (TRX), NEO (NEO) and OmiseGO (OMG) for purchases above CHF 200 (approx. $200). It was implemented as a joint pilot project with Swiss payment processor Datatrans and in collaboration with Danish crypto payments startup Coinify. It comes with 1.5% fees and a 15-minute window during which the exchange rate does not change. Launched in 2010, Digitec Galaxus is the most popular eCommerce site in Switzerland that reported net sales of $261 million in 2018. (VS)

5 days ago

Switzerland’s Most Significant Online Retailer Begins Accepting Bitcoin

Digitec Galaxus, Switzerland’s leading online retailer has started accepting BTC, allowing Swiss customers to purchase items using crypto. The retailer also supports payments in BCH, BSV, ETH, XRP, BNB, LTC, TRX, OMG, and NEO. According to the co-founder and CIO of Digitec, Oliver Herren, cryptocurrencies are fascinating and have the potential to become relevant payment means in e-commerce. Oliver further stated that the organization’s move to incorporate crypto payments targets the younger and tech-savvy crowd. Per the official announcement, Coinify would process all transactions and convert the crypto into Swiss Francs. (KE)

5 days ago

Crypto Market Wrap: Stellar Surges to Overtake Binance Coin After Coinbase Listing

Today, the crypto markets continue consolidating after the weekend surge. As at the time of writing, 8:12 AM UTC, BTC is trading at $4,035. ETH is changing hands at $139.43 and lacks the momentum to tick once again. XRP has traded sideways for the past few days and is currently trading at $0.3164. The most significant gainer in the top-10 is XLM, which recently got listed on Coinbase. This listing saw XLM gain 5.14% to flip BNB and USDT to become the 7th most valuable cryptocurrency on CoinMarketCap. However, BNB has surged and pushed XLM to the 8th position. (KE)

5 days ago

Daily Berminal Brief: Binance Coin (BNB) Triples Its Value In 3 Months, And Bitcoin cash (BCH) To Implement Schnorr Signatures Before Bitcoin

The State of The Market - March 18, 2019 BTC: $4,020.31 (-0.26%) ETH: $138.90 (-1.31%) XRP: $0.316429 (-0.41%) The market made small gains over the weekend, finally pushing past $4,000. However, it is not out of the wind yet as the price is still around that price point. The growth slowed down slightly towards the end of the weekend as the total market cap lost $400 Million in the last 24 hours. Bitcoin has to move further to $4,200 to confirm a bull run. Until then, it is still in a limbo as both bears and bulls tussle. Meanwhile, the market volume for Bitcoin surpassed $10 Billion, reaching a 15-month high that has not been since January 2018. In other news, Germany-based cryptocurrency investment app Donut has announced a successful seed round of $1.8 Million. Donut simplifies the daunting task of creating a digital asset portfolio for new investors. The firm is still in the product development process and app is in beta right now. It is expected to launch this summer. Also, Binance CEO Changpeng Zhao (CZ) said fundraising on blockchain will be an essential application for crypto and he stressed the importance of exchanges supporting the industry. CZ said "we have got to help entrepreneurs who build things in our industry" and proof of this comes from Binance's recent listing of BitTorrent token which quickly gained more than 1,000 percent in value over 3 days. CZ said that Binance's Launchpad is essentially "an exchange, an initial sales platform where we help projects to raise money." KuCoin has also announced the launch of a similar initial exchange offering (IEO) platform called Spotlight and Huobi appears to be launching a similar ICO incubator and launch platform. 1) Binance Coin (BNB), the native currency of the world's largest cryptocurrency exchange Binance has been enjoying a lot of traction lately. In fact, while the entire market crashed last year, it was the best performing cryptocurrency. In the last 3 months alone, it tripled its value from $5 to $15. Its market cap at the same time went from $638 Million to $2.2 Billion, making it the 7th largest cryptocurrency. Meanwhile, Binance continues to remain the top crypto exchange with a volume of $700 Million in the last 24 hours. Binance Coin has enjoyed huge success due to various Binance initiatives such as Binance Chain and initial token sales. 2) Bitcoin Cash is set to upgrade its protocol on May 15th 2019, and the biggest change will be the implementation of Schnorr Signatures. Leading Bitcoin Cash developer Amaury Séchet has been working on the technology for over a year now. Schnorr can facilitate ring signatures, which can allow for any actor in a group to sign without revealing which actor did it. It is this technology which provides anonymity in privacy coins such as Monero. Surprisingly, this feature is coming to Bitcoin Cash well before Bitcoin Core. Schnorr signatures are at the design stage for Bitcoin core and there has been a Bitcoin Improvement Proposal (BIP) since last year. 3) Beginning earlier in March, the Gate.io cryptocurrency exchange began announcing support for residents from other countries, starting with the US. Previously, users from many industrialized countries were prohibited from using the platform due to KYC and AML restrictions. Now, users from the US, Japan and Canada are able to use the exchange services offered by the platform once they have gone through a simple KYC procedure to verify their identity. (VS)

6 days ago

Binance Coin (BNB) Tripled Its Value In 3 Months

Binance Coin (BNB), the native currency of the world's largest cryptocurrency exchange Binance has been enjoying a lot of traction lately. In fact, while the entire market crashed last year, it was the best performing cryptocurrency. In the last 3 months alone, it tripled its value from $5 to $15. Its market cap at the same time went from $638 Million to $2.2 Billion, making it the 7th largest cryptocurrency. Meanwhile, Binance continues to remain the top crypto exchange with a volume of $700 Million in the last 24 hours. Binance Coin has enjoyed huge success due to various Binance initiatives such as Binance Chain and initial token sales. Binance Coin (BNB) is priced at $15.85, gaining 0.16% in the last 24 hours. (VS)

7 days ago

Crypto Market Wrap: BNB and BTT Surge As the Crypto Market Corrects Downwards

The crypto market has begun correcting downwards after yesterday's $6 billion gain. As at the time of writing, 7:55 AM UTC, the market cap has dropped to $139 billion, failing to sustain yesterday's momentum. BTC is trading at $4,021 after losing 0.81% over the past 24 hours. ETH is trading at $140 after plunging 2.05%, while XRP is down 1.01% to trade at $0.3179. However, the market is not all red as Binance Coin (BNB) is up 2.67% to reach $15.80. BitTorrent Coin (BTT) has also gained 12.90% to hit $0.0009. (KE)

7 days ago


News courtesy of berminal.com
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